Ethereum Forecast and Analysis for July 3, 2024


ETH/USD are trading at 3451 and continue to move as part of the development of growth and have consolidated above the upper boundary of the bearish channel. Moving averages indicate a short-term downward trend for Ethereum. Prices are again testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall in the value of the asset from current levels. At the moment, we can expect an attempt to develop a bearish correction in the value of the coin and a test of the support level near the 3365 area. From where we can again expect a rebound in prices and continued growth in the Ethereum rate with a potential target above the level of 3925.

Ethereum Forecast and Analysis for July 3, 2024

An additional signal in favor of growth in ETH/USD quotes will be a test of the support line on the relative strength index (RSI). The second signal will be a rebound from the upper border of the bearish channel. Cancellation of the cryptocurrency growth option will be a fall in the value of Ethereum and a breakdown of the level of 3225. This will indicate a breakdown of the support area and a continuation of the fall of ETH/USD quotes to the level of 2865. With a breakdown of the resistance area and closing of quotes above the level of 3645.

Ethereum Forecast and Analysis for July 3, 2024

Ethereum Forecast and Analysis for July 3, 2024 assumes an attempt at correction and a test of the support area near the level of 3365. Where can we expect a rebound and continued growth of the ETH/USD cryptocurrency to the area above the level of 3925. An additional signal in favor of the rise of Ethereum will be a test of the trend line on the indicator relative strength. Cancellation of the growth option for the digital currency will be a breakdown of the 3225 area. This will indicate a continued fall of the digital currency with a potential target below the level of 2865.


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